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State Bank of India plans to offer funds to Indian companies looking to invest in Africa

03 Jun 2013 Evaluate

State Bank of India (SBI), the country's largest lender is planning to offer funds to Indian companies looking to use Mauritius as a gateway for investments in Africa. SBI Mauritius is a foreign subsidiary of SBI, began operations as a joint venture with the country's local banking major State Bank of Mauritius (SBM). With this initiative, the company aims to boost its expansion plans.

The bank has 15 branches and 19 ATMs in this small island nation. It operates in both offshore and local banking segments, servicing retail, corporate and SME clients.

SBI Share Price

1080.35 12.85 (1.20%)
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Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
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